Auctions, permanent forests, added to ETS

Wed, 12 Dec 2018

By Gavin Evans Dec. 12 (BusinessDesk) - The government’s adoption of auctions for the emissions trading scheme will leave in place the $25 fixed-price option for next year. Acting Climate Change Minister Julie Anne Genter said the move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. A cost-containment reserve, to operate as part of the auction s...

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